Performance measurement, expectancy and agency theory: an experimental study
| Autor: | Sloof, Randolph, Praag, Mirjam van |
|---|---|
| Rok vydání: | 2008 |
| Předmět: |
Sozialwissenschaften
Soziologie Social sciences sociology anthropology Performance measurement Expectancy theory Real effort experiments Agency theory Personnel economics Erhebungstechniken und Analysetechniken der Sozialwissenschaften Methods and Techniques of Data Collection and Data Analysis Statistical Methods Computer Methods |
| Zdroj: | Journal of Economic Behavior & Organization, 67, 3-4, 794-809 |
| Druh dokumentu: | journal article<br />Zeitschriftenartikel |
| DOI: | 10.1016/j.jebo.2007.09.003 |
| Popis: | Theoretical analyses of (optimal) performance measures are typically performed within the realm of the linear agency model. This model implies that, for a given compensation scheme, the agent’s optimal effort is unrelated to the amount of noise in the performance measure. In contrast, expectancy theory as developed by psychologists predicts lower effort levels for noisier performance measures. We conduct a real effort laboratory experiment and find that effort levels are invariant to changes in the distribution of the noise term. This suggests that enriching the economic model commonly applied within this area by including an expectancy parameter is not needed. |
| Databáze: | SSOAR – Social Science Open Access Repository |
| Externí odkaz: |
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